Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 17. STATE DEBT, INVESTMENT, AND DEPOSITORIES · Article 3. STATE DEPOSITORIES

50-17-60. Governor to sell bonds to reimburse state for any default.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Whenever any bank which has been made a state depository and has deposited bonds shall fail to perform faithfully such duties as shall be required of it by law or shall fail to account faithfully for all the public moneys or effects that may have come into its hands during its continuance in office, the Governor shall sell sufficient bonds to reimburse the state the amounts due by the state depository on account of such default.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1889, p. 177, § 2; Civil Code 1895, § 991; Civil Code 1910, § 1258; Code 1933, § 100-110.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t50-ch13-40-(v38a)-2021-pdf.pdf, Volume V38A, 2021 edition, page 282; merge action: carried; file SHA-256 1cacff3315fb.

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